The city council awards a long-term loan on very advantageous terms to finance major public investments.

Torrevieja City Council has awarded a long-term bilateral loan for a total amount of €32,670,566, to finance strategic investments included in the 2025 Municipal Budget. The Generalitat Valenciana (Generalitat Valenciana), through the Directorate General of Local Administration, has authorized the transaction after confirming that, according to the documentation submitted, the City Council's net savings are positive and its debt ratio is below the limit of 75% of current income settled in 2024. The authorization is granted for the current fiscal year and in accordance with the conditions approved in the Administrative and Technical Clauses. The transaction will have a duration of 12 years, with a two-year initial grace period, and will operate during this first period as a gradual drawdown, adapting to cash flow needs. During the grace period, only interest will accrue on the amounts drawn down.

In the tender, 7 offers were received from 4 financial institutions:
-Banco Bilbao Vizcaya Argentaria SA
-Banco Sabadell SA
-Central Rural Bank SCC
-Eurocaja Rural SCC

All of them met the financial prudence requirements and were submitted for the full amount requested.

The proposals included variable-rate offers referenced to the 12-month Euribor and fixed-rate offers. After the technical and economic evaluation, the highest-scoring offer was that of Eurocaja Rural SCC, with a fixed rate of 2.47%. This represents a cost well below the maximum permitted by regulations, thus ensuring responsible and efficient borrowing for the municipality. The Councilor for Economy and Finance, Domingo Paredes, emphasized that "the response from the financial sector confirms the excellent financial situation of Torrevieja City Council, which allows us to access financing on very advantageous terms. This loan will allow us to execute an ambitious investment program without compromising our budgetary stability."
Among the actions that will be financed with this loan are:

-Investment in infrastructure replacement and asphalt paving – €5,000,000
-Reorganization works in areas adjacent to the Port – €4,900,000
-Remodeling of the Salt Eras and Ice Factory – €2,340,000
-Resurfacing and repair of the Levante Dike – €2,418,600.90
-Remodeling of the La Plasa building – €4,500,000
-Los Locos Beach Promenade – €1,000,000
-Alzheimer's Center – €1,300,000

Domingo Paredes concluded by emphasizing that Torrevieja City Council "invests in improving the city, creating jobs, and boosting the local economy, demonstrating that responsible management and financial stability are the foundation for transforming our city."